Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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- WHAT IS BUSINESS PORTFOLIO OF JOLLIBEE FOODS CORPORATION? WHAT IS THE PARENTING RELATIONSHIP OF JOLLIBEE FOODS CORPORATION?arrow_forwardFollowing mini-case scenarios involve ethical dilemmas associated with projectmanagement. How would you respond to each situation, and why? Ryman PharmaceuticalsYou are a test engineer on the Bridge project at Ryman Pharmaceuticals in Nashville, Tennessee. Youhave just completed conductivity tests of a new electrochemical compound. The results exceededexpectations. This new compound should revolutionize the industry. You are wondering whether to callyour stockbroker and ask her to buy $20,000 worth of Ryman stock before everyone else finds out aboutthe results. What would you do and why?arrow_forwardBased on the BDC Entrepreneur Self-Assessment feedback below, identify one area noted for personal development. Explain why you have chosen this area for personal development and why this would be important in the context of introduction to entrepreneurship and life in general. Identify SMART Objectives (S-Specific; M-Measurable; A-Attainable; R-Realistic; and T-Timely) Your motivations 60/76 Need for achievement/success:17/20 The lure of power/control:18/20 Need for challenges / ambition:18/20 Self-sufficiency / freedom:7/16 Your aptitudes 70/80 Perseverance / determination:16/16 Self-confidence/enthusiasm:13/16 Tolerance towards ambiguity/resistance to stress:19/24 Creativity/imagination:22/24 Your attitudes 37/44 A belief in their ability to influence destiny:18/24 Action-oriented:19/20arrow_forward
- Based on the BDC Entrepreneur Self-Assessment feedback below identify two areas noted as a personal strength and as to why these areas would be a personal strength. Your motivations 60/76 Need for achievement/success:17/20 The lure of power/control:18/20 Need for challenges / ambition:18/20 Self-sufficiency / freedom:7/16 Your aptitudes 70/80 Perseverance / determination:16/16 Self-confidence/enthusiasm:13/16 Tolerance towards ambiguity/resistance to stress:19/24 Creativity/imagination:22/24 Your attitudes 37/44 A belief in their ability to influence destiny:18/24 Action-oriented:19/20arrow_forwardwhat are two links discovered online that would prove to be helpful resources to entrepreneurs. Explain why you think they are good resources SPECIFIC to entrepreneurs.arrow_forwardConsider the statement, “The only thing in business that does not change is the need to change.” Do you agree? What are your views on this saying?arrow_forward
- Describe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships? Why? Give an example of a strong-tie and a weak-tie.arrow_forwardFind and use an app or website that will nudge you to better behaviors and decisions. I suggest Uphabit, Love Nudge, or DuoLingo. Or try a self-management app from this list. Respond to at least five of the following in a 1/2-page MS-Word document in your own words: Identify and describe this app or website. What was the desired behavior change e.g., build a habit of healthy eating? What kind of nudge(s) were used e.g., notifications or badges? Compare the features of the app to the five criteria of Libertarian Paternalism. Does the app comply with each? Did the change your behavior as expected? How? How does the app make money as a result of your behavior change? How would you use what you have learned about behavioral economics to make the app more effective?arrow_forwardWhat does business intelligence try to do, and how important are BI tools?arrow_forward
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